Aris Mining Corp T.ARIS.WT.A

toro jv with neighbor

[invest234]

any rumors or thoughts of aris doing a jv with their neighbor aurora mine bought by zijin?
zijin has the mill and needs the ore from toro. they previously tried to buy toro but was outbid. a jv with them would eliminate the cost of building a new mill and increase production relatively fast.

or sell toro to zijin for us$300mil + us$60mil or so that aris already spent developing toro.
when zijin was bidding for toro the gold price was a lot lower. now that gold price is a lot higher, toro should be worth a lot more.
that would give aris a lot more cash to fund other projects.
aris with current market cap of cad$457mil would then have us$589mil cash + 2 large growth projects that can get them to 600k oz/yr. that extra cash can give shareprice a boost.

[Heywood_Silvers]

Zijin never bid for Gold X (Toroparu).  A few years ago GCM (Aris) made a joint bid for both Gold X and Guyana Goldfields after Silvercorp and Zijin started bidding on Guyana Goldfields. The lowball offer was rejected and GCM came back to the table a year later and upped the bid for Gold X which ultimately approved the merger. I highly doubt that Aris would dump Toroparu shortly after

[invest234]

oh right i got the various parties mixed up. if aris wants to keep toro, they can still do a jv, or just toll milling until they are ready to build toro mill. it should be profitable with current high gold price.